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Emerging-Market Assets Edge Lower Amid Thin Liquidity, US Data

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Emerging-market assets edged lower Monday amid fresh US data and still-thin global liquidity as several markets across Europe, Australia and Hong Kong are shut for Easter Monday.

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China’s Yuan a Standout Funder for Emerging-Market Carry TradeThe historic end to super-easy monetary policy in Japan and a surprise rate hike in Taiwan have strengthened the yuan’s appeal as a funding currency for the global emerging-market carry trade.
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